leo1234:


And the octopus is highly loaded here.
When 3 euros, octopus

Na only Octopus? Emma nko? Though Emma is far better off (unto investor level).

Octopus should have concentrated on his core business of causing soil erosion down East. He shouldn't have brought that talent to NSE.

mendes911:


Na only Octopus? Emma nko? Though Emma is far better off (unto investor level).

Octopus should have concentrated on his core business of causing soil erosion down East. He shouldn't have brought that talent to NSE.

Very soon he will claim to have sold with profit.

Buhari to depart for Britain tomorrow. Is this another bull to come just like last year.

Mpeace:
They are in the process of cleaning up their huge debts. Much of the expenses went into debt servicing. I expect them to start reaping the benefits of the clean-up sooner.

Did you see the jump in admin cost

MSCI ADDITION FOR 6 APRIL 2018/GENERAL MARKET COMMENT FOR WEEK ENDED 6 APRIL 2018

This market has hit most investors so hard. It is like a period for taking some time off the market and planning the next move.

The fund may not make substantial investment for now as the capital gain from the market is at a very low level; see the information below the movements.

Due to the state of the market, any purchase now need to be backed up by strong fundamentals to prevent immediate capital loss. I am having these equities on my watch list, but will only buy when my indicator show that there is momentum for positive price movement; Forte Oil, Transcorp, CCNN among others. My safe bet will still be on any equity that will not be affected by any deterioration in the Naira/Dollar rate.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

yok:
MSCI ADDITION FOR 6 APRIL 2018/GENERAL MARKET COMMENT FOR WEEK ENDED 6 APRIL 2018

This market has hit most investors so hard. It is like a period for taking some time off the market and planning the next move.

The fund may not make substantial investment for now as the capital gain from the market is at a very low level; see the information below the movements.

Due to the state of the market, any purchase now need to be backed up by strong fundamentals to prevent immediate capital loss. I am having these equities on my watch list, but will only buy when my indicator show that there is momentum for positive price movement; Forte Oil, Transcorp, CCNN among others. My safe bet will still be on any equity that will not be affected by any deterioration in the Naira/Dollar rate.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source.

This fund keeps buying Unilever endlessly. Why

IchimokuPilot:


This fund keeps buying Unilever endlessly. Why

..and keeps selling diamond like no 2morrow

OBAGADAFFI:


We are saying the same thing.

But with the bank pool you won't get the office interest rate.
Some will be single digits.

For now there is no bank that gives single digit for Treasury Bills.


First Bank allows you to do Treasury Bills in the primary market with 100k.

What you explained up there is secondary market for Treasury Bills, I yet to see a single digit in the secondary market.

Agbalowomeri:
Did you see the jump in admin cost

His comment was not based on the audited report His comment was based on HOPE.

The company made a loss YET LAFARGE pocketed N9bn is Technical services fee. Why bother making profit?

BTW, nothing WRONG in technical services fee.

IchimokuPilot:


This fund keeps buying Unilever endlessly. Why

They are actually selling Unilever. Wise to do the opposite of what Yok and his people are doing..
Today post na 12:09 AM Yok you get insomnia ?

MANY SAY, "WE ARE ..."

www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/12#66551913

Again, based on the woeful result released by Lafarge its obvious that the company has bitten more than what it can chew....I know Alhaji will be willing to bail them out....


I will wait for their Q1 2018 result before I decide what to do with the remaining units i have or load more.

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/21683_LAFARGE_WAPCO_PLC._FINANCIAL_STATEMENTS_APRIL_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/21685_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_APRIL_2018.pdf

http://www.nse.com.ng/Financial_NewsDocs/21686_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_APRIL_2018.pdf

All this cost running riot in admin expenses, are they trying to settle everybody first b4 the owners of the company, hmmm any way Cutlass sharpened as i wait for it @sub #28

emmanuelewumi:



For now there is no bank that gives single digit for Treasury Bills.


First Bank allows you to do Treasury Bills in the primary market with 100k.

What you explained up there is secondary market for Treasury Bills, I yet to see a single ydigit in the secondary market.

Sir Emma, Wanaj0, Rabbi, Agba, I would appreciate your answers on the below question:


Good evening investors, thank you so much for the wealth of knowledge deposited in this thread. I've been looking at these small cap companies and based on my research they have potentials. The pay dividends and they seem to be growing. I would like to get your thoughts on them as per investments? Your swift response shall be most appreciated. Thanks.

- Cap
- cutix
- ucap
- Learnafrica
- custodia
- afriprud
- continsure

onegentleguy:



On Lafarge Wapco, my take is that with their already very shaky Nos as at Q3, the recent rights issue will most likely extend the downside risk thru the effect of dilution post 2017 YE.
...I expect to see a significant dilution in EPS as high as 45% YoY from that of 2016.
So in the short term, I forsee a drop in price likely to within a 10-18% discount from today's closure price of N46.40 following their 2017 YE result.

However post Q1, we might begin to see some impact of the rights accretion particularly the tapering from the lowering of Fx risk.
...given that Wapco had earmarked about 70% of the rights proceeds for debt conversion. (about N95b from the total approx N135b raised).
The positive here is that the accrued interest payment on their debt instrument (which is a little over 6% of total annual dividend) was not treated as a direct charge from their income statement but from equity. ...hence all additional earnings unlike before, can now be freely distributed for other investment.
This way, the Fx related volatility they suffered in their financials from the burden of carrying the instrument in 2017 would've been reduced to a much fairer minimum.
I see all their exposures to Fx loan dropping by approx 45% before Q2 2018.

At the moment I have a FV that's at an approx 13% premium from the rights price, but given the challenge from fx concerns expected in their upcoming result, it will be best to wait it out for now. ...a better price bargain would likely come thru post their 2017 YE result but pre Q1.

...my 2 cent.

Herein was my previous post on LARFAGE WAPCO.
...in the one before it, I had advised folks to SELL off their holding.
Of course the analysis therein still stands but with this present YE result, there are now a few more red flags.
With admin expense and finance cost in excess of 41B and 43B respectively, on the back of a huge loss in PAT of over 34B(which is more than double the total PAT from the group in their YE 2016 result), any sane investor here should be very worried.
...add that to the far lower than expected huge drop in ROE, EPS plus an over 12B from some funny impairment charges, and u'll begin to wonder if indeed the managers of LARFAGE do not have something up their sleeve.
Again for a coy that recently raised a right proceeds of approx N131B to turn around and pay out a total of about N90B in dividends(...an approx 70% pay out ratio from rights accruels) on the back of a loss making year, is to say the least absurd.
It's clear that with this result, 2 things are currently playing out;
1) There was more to the fx related shortfall they made us presume was the core curse of their misfortune as at Q3 2017.

2) While LARFAGE WAPCO might have managers, they undoubtedly do not have good money managers.

There are lots to say, but in simple terms, If I were an investor in this coy, I would hurriedly SELL without ever given it a 2nd thought. ...and if I am planning to key in in future, I would also wait it out and see if there would be real signs of a turnaround post Q1 2018.

...my 2 cents.

FY17: Lafarge Proposes N1.50k Per Share Dividend Despite N35b Loss
https://www.businesspost.ng/2018/04/09/fy17-lafarge-proposes-n1-50k-per-share-dividend-despite-n35b-loss/

PETERiCHY:


Whatelse were you expecting when Alhaji don carry money go do society Wedding .

Well bargain hunters association are patiently waiting @#7 junction.

After the abracadabra Dangote flour has resume the journey to N7.

Patience is KEY

*ThE OcToPuS*

PETERiCHY:


After the abracadabra Dangote flour has resume the journey to N7.

Patience is KEY

In ur goddamn mind !!
...just say u wish Sir Peteru.

But I'd rather u concentrate on that ur 3 euro stock. ...I'll be very worried if I were u.
I recall I advised u and a few other fellows here to SELL off their holding when WAPCO was still @ above N50.
Well, Its not too late. ...u can still do the needful now !!
However DD is still advised as always pls.

Goodluck with whatever decision u take my dear.

PETERiCHY:


After the abracadabra Dangote flour has resume the journey to N7.

Patience is KEY

*ThE OcToPuS*

At least abracadabra turned to profit.. if WAPCO pays Alhaji can teach them too

Lol.. peter that gave away his DF @ N4 now seriously eager to buy @ N7... anyway u will still miss it because this flour will not near your target

emmanuelewumi:



For now there is no bank that gives single digit for Treasury Bills.


First Bank allows you to do Treasury Bills in the primary market with 100k.

What you explained up there is secondary market for Treasury Bills, I yet to see a single digit in the secondary market.

I tire o

Chaiii! Peterichy still dey talk here This person get mind ooo

The Nigerian Stock Exchange (NSE) may have moved the ₦0.01 floor if reports by The Nation newspapers are authentic. A price floor is the minimum amount at which a stock can be allowed to trade.

The ₦0.10 floor came into effect on the 29th of January 2017. Prior to this, the minimum price floor was fixed at 50 kobo per share (which is also the par value). The Par Value of a share refers to its nominal or face value per unit as stated in a company’s corporate documents, i.e., the Memorandum of Association of the company.


The new price floor
In addition to a new price floor of ₦0.20, the exchange has also modified some of its existing rules. The minimum movement by which the price of a stock can change has also been lowered to the ₦0.01 (1 kobo).

Mum from the Exchange

Unlike the issuance of several notices alerting stakeholders of the ₦0.01 rule, the exchange is yet to release a notice on the current price floor.

What could have led to the upward adjustment ?

Stakeholders in several companies affected by the ₦0.01 rule may have reached out to the NSE. Companies in the insurance sub-sector were hard hit, as investors used the ensuing liquidity caused by the rule to exit. Over 50% of the companies currently trading at the ₦0.20 mark are insurance firms. Many of the firms are plagued by poor corporate governance, little or no price appreciation and a dividend drought.

https://nairametrics.com/nigerian-stock-exchange-moves-minimum-price-floor-to-₦0-20/amp/?__twitter_impression=true

Dwizeone:


When I noticed that of fidelity, I joined the gang but I try not to be greedy. Look in between the lines. Traders at work

I agree with you.

The profits are inbetween the lines.
Ive done 20% plus an extra 5% on transcorp alone this month.

And most times i try to get in on tuesday/wed and get out on friday. Unless friday ends with full bid.

Diamond is not really clear for now. But in between those 4 stocks are good opportunities

emmanuelewumi:



For now there is no bank that gives single digit for Treasury Bills.


First Bank allows you to do Treasury Bills in the primary market with 100k.

What you explained up there is secondary market for Treasury Bills, I yet to see a single digit in the secondary market.

Anyone who wishes to buy Treasury Bills but does not have up to N50 million must buy through a bank in the secondary market.

Whatever First bank is allowing you to buy at N100k is secondary market.

And the interest rate for N100k, isn't same for N1m, or N10m.

OBAGADAFFI:


Anyone who wishes to buy Treasury Bills but does not have up to N50 million must buy through a bank in the secondary market.

What First bank is allowing you to buy at N100k is secondary market.

And the interest rate for N100k, isn't same for N1m, or N10m.

You are not totally correct. Banks pool fund of small investors together to make a sizeable purchase
in the primary market. I use Stanbic.

You are right. That is what banks do to meet up with the N50m minimum requirement of the CBN.

sellydion:


You are not totally correct. Banks pool fund of small investors together to make a sizeable purchase
in the primary market. I use Stanbic.

Traders Anticipate N476b Maturing Treasury Bills Thursday
https://www.businesspost.ng/2018/04/09/traders-anticipate-n476b-maturing-treasury-bills-thursday/

Do you guys see the bids on dangflour? Multiple bids of 30units

sellydion:


You are not totally correct. Banks pool fund of small investors together to make a sizeable purchase
in the primary market. I use Stanbic.

Stanbic is buying from the primary market, while small investors in the pool are in the secondary market.

currentprice:
Lol.. peter that gave away his DF @ N4 now seriously eager to buy @ N7... anyway u will still miss it because this flour will not near your target

And you thought the fund I pulled from Dangflour 10mths ago has been dormant

OBAGADAFFI:


Anyone who wishes to buy Treasury Bills but does not have up to N50 million must buy through a bank in the secondary market.

Whatever First bank is allowing you to buy at N100k is secondary market.

And the interest rate for N100k, isn't same for N1m, or N10m.

Are the rates better for people who buy from the primary market?